American Express Sees Fewer Credit Card Delinquencies

Credit Cards

American Express Sees Fewer Credit Card Delinquencies

American Express Sees Fewer Credit Card Delinquencies

The latest regulatory filing from American Express recently revealed that the rate at which consumers were 30 days or more behind on their credit card payments fell to 2 percent in February, according to a report from Dow Jones Newswires. That rate was 2.1 percent during the previous month. Meanwhile, the lender also said it… Read More

A Quiet Revolution in Debit Cards

Personal Finance

A Quiet Revolution in Debit Cards

A Quiet Revolution in Debit Cards

Tired of stuffing a rewards card and a debit card into your wallet? This summer, you could get a card that does both. Offered by a tiny Florida company, the new card could wreak havoc with some of America’s largest banks. It also could also allow merchants to avoid the issue of interchange fees, a… Read More

Your Taxes, Made Simple in 9 Steps

Personal Finance

Your Taxes, Made Simple in 9 Steps

Your Taxes, Made Simple in 9 Steps

Photo by alancleaver_2000 — Slide 1 of 10 Filing your own return may be easier than you think, and in some cases, paying someone else to do it could be a waste of money. Tax returns are due to the IRS this year by April 18th, giving nervous procrastinators three precious extra days to get… Read More

We Owe Them A Debit of Gratitude

Personal Finance

We Owe Them A Debit of Gratitude

We Owe Them A Debit of Gratitude

And so, we begin anew. During the Great Congressional Financial Services Smackdown of 2009 and 2010, Illinois Democrat Richard Durbin inspired fellow Senators to pass an Amendment to the Dodd-Frank Act directing the Federal Reserve to study and, hopefully, reduce the relatively unknown “swipe fees” that banks collect from retailers every time a consumer uses… Read More

FTC to Investigate Debt Collectors on Facebook

Personal Finance

FTC to Investigate Debt Collectors on Facebook

FTC to Investigate Debt Collectors on Facebook

As we’ve covered in previous stories, debt collectors have started to use Facebook and other social media websites to track down people who owe money. The Federal Trade Commission has noticed this trend, too. The agency announced last week that it will hold a workshop to discuss the topic on April 28. Titled “Debt Collection… Read More

Colorado Foreclosure Assistance Program Receives State Grant

Mortgages

Colorado Foreclosure Assistance Program Receives State Grant

Colorado Foreclosure Assistance Program Receives State Grant

The Colorado Foreclosure Hotline was recently given a two-year grant worth $600,000 by the state’s attorney general’s office. The money will come largely from fines levied against Countrywide and Wells Fargo, part of those companies’ penalties stemming from allegations of mortgage fraud. [Featured Tool: Get your free Credit Report Card from Credit.com] Currently, the Colorado… Read More

Credit Score Reason Codes: What They Mean and Why You Should Care

Credit Score

Credit Score Reason Codes: What They Mean and Why You Should Care

Credit Score Reason Codes: What They Mean and Why You Should Care

While knowing your credit score is important, understanding the context of where your score resides within the overall score range, and having insight into why it’s not higher, empowers you to focus on score improvement strategies that will help you successfully increase your credit score and gain access to better credit terms—which ultimately saves you… Read More

Banks Jack Up ATM Fees, Blame Regulations

Personal Finance

Banks Jack Up ATM Fees, Blame Regulations

Banks Jack Up ATM Fees, Blame Regulations

Get ready for big fee increases at your nearest ATM. Some of the nation’s largest banks are boosting fees on their automated teller machine networks. The new fees could be especially costly for people who withdraw cash from another bank’s ATM. Chase is now charging Illinois residents $5 every time a non-customer withdraws money from… Read More

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